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BUSINESS
Jun 28, 2006

Sompo Japan punishes 584 after suspension

Sompo Japan Insurance Inc. has punished 584 people in the wake of a business suspension order it received for misconduct related to thousands of cases of unpaid insurance benefits, the company said.
BUSINESS
Jun 27, 2006

KDDI, BT form alliance on networks

KDDI Corp. will begin providing global communications networks in August with BT Group PLC, mainly targeting leading Japanese companies carrying out overseas operations, the two companies said Monday.
JAPAN
Jun 27, 2006

Successor inherits ever-unpopular deficit mess

Most banks have shed their burden of bad loans. The Nikkei 225 average has recovered from rock bottom and the economy is finally picking up. But what about Japan's debt-ridden finances?
BUSINESS / JAPANESE PERSPECTIVES
Jun 26, 2006

Laws, morals and the delay of the financial products trade law

A mid the public uproar over insider trading prompted by the arrest of investment fund manager Yoshiaki Murakami, the Diet quickly enacted a new law to regulate transactions involving financial products on June 7. The legislation combines the previous Securities and Exchange and other laws in an attempt...
BUSINESS
Jun 21, 2006

Insurer Mitsui Sumitomo faces FSA sanctions

The Financial Services Agency is considering ordering Mitsui Sumitomo Insurance Co. to suspend sales of nonlife insurance policies as well as medical insurance products at all of its outlets for about two weeks as punishment for its nonpayment of insurance claims, FSA sources said Tuesday.
BUSINESS
Jun 20, 2006

Mitsui Sumitomo faces suspension

The Financial Services Agency is considering ordering Mitsui Sumitomo Insurance Co. to suspend part of its operations for inappropriate nonpayment of insurance claims, FSA sources said Monday.
COMMENTARY / World
Jun 19, 2006

China's monetary surge dooms its boom

ATLANTA -- Chinese monetary authorities raised their one-year benchmark rate by 27 basis points while allowing the deposit rate to remain unchanged at 2.25 percent. This move was mostly greeted with praise, but the change is trivial and will have little discernible impact on the Chinese economy or the...
CULTURE / Books
Jun 18, 2006

Roles that lead a company to success

THE TEN FACES OF INNOVATION by Tom Kelley and Jonathon Littman. Doubleday, 276 pp., 2005, $29.95 (cloth). "It's the smile, stupid."
Japan Times
LIFE / WEEK 3
Jun 18, 2006

Retro's where the future's at

Japan's talking heads of a liberal persuasion are clearly troubled by a rising nationalistic sentiment they detect throughout the land. But while speculation on the geopolitical consequences of any such shift may be an absorbing topic, trends in the world of culture -- and the changing tastes of consumers...
Japan Times
BUSINESS
Jun 17, 2006

Indoor play centers pricey but safe havens for kids

Parents often want their kids to play indoors because of bad weather, the threat of sunburn or other environmental factors, and increasingly, because of the fear of crime.
BUSINESS
Jun 17, 2006

Use sales tax hike on social security needs: Tanigaki

The government should use any hike in the consumption tax to fund future social security needs, Finance Minister Sadakazu Tanigaki said Friday.
Japan Times
CULTURE / Music
Jun 15, 2006

Fuji Rocking 10 years on

Fuji Rock Festival is the biggest event on the calendar for many Japanese and foreign residents alike. Sure, it costs a stack of cash to go, but the festival is not your typical commercial venture. Word on the street is that it has been anything but a money spinner for concert promoter Smash Japan. Instead,...
BUSINESS
Jun 15, 2006

LDP panel mulls consumption tax geared for welfare

The ruling Liberal Democratic Party's tax panel proposed Thursday to use consumption tax revenues for social security when the levy is raised in the future.
EDITORIALS
Jun 14, 2006

Do the right thing for emigrants

Faced with a graying population and a decreasing birth rate, Japan is now publicly debating whether to allow greater immigration to alleviate potential labor shortages in the future. Half century ago, however, in the wake of Japan's defeat in World War II, Japan was considering quite the opposite. To...
BUSINESS
Jun 13, 2006

Sompo insurance sales ban kicks in

A temporary ban on part of Sompo Japan Insurance Inc.'s business operations, ordered by the Financial Services Agency, took effect Monday as punishment for financial irregularities.
BUSINESS
Jun 13, 2006

Current account surplus declined 20% in April

The current account surplus fell 20.2 percent in April from a year earlier to 1.28 trillion yen, its first decline in three months, due mainly to higher oil prices and a rise in the services trade deficit, the Finance Ministry said Monday.
COMMENTARY / World
Jun 12, 2006

Arms race widening in Southeast Asia

Southeast Asia's return to prosperity since the financial crisis of 1997 has brought a regionwide splurge on new weapons. Most Southeast Asian countries are, indeed, now busily modernizing their armed forces. So far, most have done so without compromising their autonomy in security matters. But with...
EDITORIALS
Jun 11, 2006

Whither the newspaper?

What does the future hold for newspapers? It all depends on what you think a newspaper is and where on the planet you are standing. If you are a literal-minded type who considers the concept inseparable from actual newsprint and your view is restricted to, say, North America or Japan or Australia or...
BUSINESS
Jun 10, 2006

REIT value swells 63% to surpass 4 trillion yen

The aggregate value of land owned by real estate investment trusts totaled 4.03 trillion yen at the end of March, up a sharp 63 percent from a year earlier, attesting to the solid growth of the REIT market, the Land, Infrastructure and Transport Ministry reported Friday.
Japan Times
BUSINESS
Jun 10, 2006

Dream Technologies' revival tied to Murakami

Late last October, while everyone was watching Rakuten Inc. make a surprise bid to integrate with Tokyo Broadcasting System Inc., Yoshiaki Murakami launched a new investment plan.
COMMENTARY / World
Jun 10, 2006

Intolerance to the arts is growing in India

MADRAS, India -- The recent anger against director Ron Howard's latest film, "The Da Vinci Code," reminds us that intolerance against artistic freedom is growing in a world that we thought was past caring about such issues.
BUSINESS
Jun 9, 2006

Skylark to carry out largest MBO in Japan history

Family-style restaurant chain Skylark Co. announced Thursday its management will buy all outstanding company shares to become private, making it the largest management buyout bid in Japanese history.
BUSINESS
Jun 7, 2006

Mitsui, Shochiku plan content service

Trading house Mitsui & Co. and movie producer Shochiku Co. said Tuesday they have formed a business alliance for content-downloading services for mobile phones and personal computers.
BUSINESS
Jun 7, 2006

Sony has high hopes for its first digital SLR

Sony Corp. on Tuesday unveiled its first digital single lens reflex camera, the Alpha DSLR-A100, in its first product rollout since acquiring the Konica Minolta Group's digital SLR division earlier this year.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?